Suburb Profile Report for Evans Head NSW (2473)

Evans Head House: Median price $633,000, Annual capital growth 4.72%, Number of sales 35, Weekly median advertised rent $450

Evans Head Unit: Median price $425,000, Annual capital growth 3.21%, Number of sales 21, Weekly median advertised rent $385

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

NSW has seen average median house prices change by -4.21% which means that Evans Head, 2473 has not done well for property investors by showing a capital gain of -4.16% over the last year

Over the longer term, Evans Head has seen property prices show investors a 29.18% return over the last 3 years. This is worse than over the last 12 months

Evans Head has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 11.11% to date .

A 31.78% growth in median value for property investors in Evans Head,2473 puts this suburb at number 89th in terms of best performing suburbs in NSW

The most recent median price for Evans Head is $425000, with sellers offering an average of -3.41% off the asking price.

A $385 per week rent on the median house gives suburb investors a gross yield of circa 4.71%, without taking into account capital value appreciation, which has been averaging out at 3.21%.

Information supplied by:


April 2019

M
O

W
E

Double digit growth for the unit market

Postcode: 2473

Median unit price: $386,250

Three-year growth: 10.4%

Rental yield: 4.3%

One of the gems of NSW’s North Coast, the suburb of Evans Head is surrounded by water, greenery and sand. It’s known as one of the best places in the area to get fresh seafood like prawns, crabs and fish.

The Evans River flows by the suburb, and it is bordered by national parks. Pristine beaches offer spectacular views of the sunset and of the beautiful blue sea, while facilitating the enjoyment of watersports like surfing, boating and fishing. Beginner surfers will love Evans Head Beach because the southeast swells generating massive waves are hindered here. Kayaking on the estuary is another popular activity.

With a median value of under $400,000, units in Evans Head are quite affordable. The suburb has also seen consistent growth since 2014, with prices going up by the double digits.

Metrics i HOUSE UNIT
$633,000 $425,000
-4.81% 2.41%
-4.16% 11.11%
4.72% 3.21%
$450 $385
35 21
3.70% 4.71%
N/A 65.7333333333333

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Evans Head NSW
Demographics
Total population 2729
Median household income ($/weekly) 700
Median age of persons 49
Median housing loan repayment ($/monthly) 1305
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 292 10.7
    45-54 years 422 15.5
    55-64 years 412 15.1
    65-74 years 330 12.1
    75-84 years 281 10.3
    Others 992 36.4
    Age Group
    Census Count Percent(%)
    Not Married 926 45.7
    Registered Married 906 44.7
    Defacto Relationship 196 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2393 92.5
    Papua New Guinea 26 1.0
    United Kingdom 71 2.7
    United States of America 23 0.9
    Other 14 0.5
    Others 59 2.3
    Country of Birth
    Census Count Percent(%)
    Christianity 1885 76.4
    No Religion 554 22.5
    Buddhism 18 0.7
    Other Religious Groups 10 0.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 145 13.6
    $400-$599 211 19.8
    $600-$799 153 14.3
    $800-$999 133 12.5
    $1,000-$1,249 88 8.2
    Others 337 31.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1144 53.1
    Employed, worked full-time 502 23.3
    Employed, worked part-time 340 15.8
    Unemployed, looking for work 98 4.5
    Employed, away from work 72 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 152 16.6
    Technicians & trades workers 132 14.4
    Community & personal service workers 143 15.6
    Sales 115 12.5
    Labourers 112 12.2
    Others 263 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 57 10.6
    Infants/Primary 185 34.4
    Secondary 174 32.3
    Technical or Further Educational Institution 59 11.0
    University or other Tertiary Institutions 50 9.3
    Others 13 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1608 63.8
    Semi-detached, row or terrace house, townhouse 448 17.8
    Flat, unit or apartment 361 14.3
    Caravan, cabin, houseboat 87 3.5
    House or flat attached to a shop, office 15 0.6
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 513 44.5
    Fully owned 448 38.8
    Being purchased 187 16.2
    Other tenure type 6 0.5
    Tenure Type
Census 2011, ABS
Chart Table